(AFX UK Focus) 2009-12-14 02:27 Tokyo Steel to cut prices for most products in Jan (Interactive Investor)
14th December 2009
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TOKYO, Dec 14 (Reuters) – Tokyo Steel Manufacturing Co , Japan’s biggest maker of construction steel, said it would cut its January prices for most of its products as the outlook for construction activity remains poor. That follows an across-the-board price cut in November. It will cut the price of its mainstay H-shaped steel by 2,000 yen to 63,000 yen per tonne, the lowest since February 2004 …
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